Cablevision's bottom line takes a hit

10/31/2011 | Wall Street Journal, The ·

Cablevision did a better job of retaining its pay-TV customers in the third quarter but still saw its profit decline 65% during the period because of increases in programming costs and marketing expenses. Cablevision's core market, the New York City region, is especially challenging because Cablevision already has saturated much of the market, and Verizon's rival FiOS service has a strong foothold.

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